Realty News Check: GPS-based property survey on th...

Amendments to MMDR Act will help cement and steel industry: India Ratings

The amendments to the Mines and Minerals (Development and Regulation) Act will streamline the consolidation process in the cement and steel industry, as companies will be able to transfer captive mines to the acquirer which was acquired by them in the pre-auction era, says India Ratings and Research (Ind-Ra).

The civic body will implement the global positioning system(GPS)-based property survey, water meter and geo-tagging of trees.

This was decided during a conference of municipal commissioners on urban management programme for capacity building of states organised by the National Institution for Transforming India Aayog, or NITI Aayog, in New Delhi last week. The event was held in association with Singapore Cooperation Enterprise and Temasek Foundation.

Polls no excuse to delay projects: High Court to Chennai Metropolitan Development Authority

Coming to the rescue of builders and developers whose projects have been held up by Chennai Metropolitan Development Authority (CMDA) on grounds of the ongoing election process, the Madras high court has directed the development authority to process pending proposals expeditiously.

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